Double Top Buy Support

This pattern shows a double top buy pattern triggered after bouncing from a strong support level at the bottom. It is a bullish pattern with four columns.

The double top buy pattern is a bullish breakout pattern.

Low boxes of the first and third columns of the O are at essentially the same level, showing strong support at the bottom before the bearish breakout. The pattern shows that there was strong support or demand at the lower level followed by a bullish breakout. The bears were weak at lower levels.

This pattern can be plotted on the chart by adding it from the study menu in TradePoint & RZone. The pattern is also available in the system builder section. By combining this pattern with other patterns and indicators, you can create your own trading strategies. For any group of stocks and market segments, you can scan and backtest stocks based on those strategies.